Raymond James initiated coverage of Super Micro (SMCI) with an Outperform rating and $41 price target The company has emerged as a “market leader” in artificial intelligence-optimized infrastructure. AI platforms now comprise nearly 70% of Super Micro’s revenue, and is also expanding its share of the branded AI server market, the analyst tells investors in a research note. The firm says the company has positioned itself in a “sweet spot” between the branded IT suppliers like Dell and HP Enterprise, and contract manufacturers like Quanta.
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